Articles for category: Crypto

September 22, 2025

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Gold Soars Following Bitcoin Decline, Indicating Shift in Investor Sentiment

On Monday, gold prices surged by 1%, marking a new all-time high as the precious metal traded at $3,721 per ounce. The latest increase pushes gold’s year-to-date performance to an impressive 43%. This rally came shortly after Bitcoin, which had been touted by many as a digital analog to sound money, experienced a notable decline of 3%, bringing its value down to $112,000 and reducing its annual gain to 17%. The juxtaposition of these two assets — gold and Bitcoin — suggests a potential trend of profit reallocation. Historically, gold and Bitcoin have not shown consistent correlation in their price

September 22, 2025

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South Korea Records Surge in Suspicious Crypto Transactions Amid Regulatory Scrutiny

In 2025, South Korean authorities have flagged an unprecedented volume of suspicious cryptocurrency transactions, signaling a growing concern about illicit financial activities within the sector. The data indicates that the total number of suspicious transaction reports (STRs) has already surpassed the combined figures from the previous two years. According to the Financial Intelligence Unit (FIU) and statistics from the Korea Customs Service (KCS), there have been 36,684 STRs filed by local virtual asset service providers (VASPs) between January and August of this year. This figure significantly exceeds the STR totals from 2023, which stood at 16,076, and from 2024, which

September 22, 2025

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South Korea Reports Alarming Spike in Suspicious Cryptocurrency Transactions

South Korean authorities are facing a significant challenge as the number of suspicious cryptocurrency transactions has skyrocketed in 2025, reaching levels that surpass the combined figures from the previous two years. According to data from the Financial Intelligence Unit (FIU) shared with Representative Jin Sung-joon and supplemented by statistics from the Korea Customs Service (KCS), local Virtual Asset Service Providers (VASPs) submitted a staggering 36,684 suspicious transaction reports (STRs) from January to August 2025. STRs play a pivotal role in South Korea’s efforts to combat money laundering and other illicit activities. Under the country’s regulations, financial institutions, casinos, and VASPs

September 22, 2025

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Key Events Set to Shape Crypto Markets This Week

As we step into another week in the dynamic world of cryptocurrencies, several crucial events and updates are on the horizon that could significantly impact market sentiments. From U.S. economic indicators to significant upgrades in blockchain technology, the coming days are sure to command attention from investors and enthusiasts alike. One of the main highlights to keep an eye on this week is the gathering of Federal Reserve speakers. Their comments are expected to shed light on the central bank’s monetary policy direction, which can directly influence the broader financial markets, including digital assets. The Fed’s stance on interest rates

September 22, 2025

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Dogecoin Faces Volatility as Bulls Eye Key Resistance Between $0.28 and $0.30

In the latest trading session, Dogecoin (DOGE) experienced significant volatility, plunging from $0.27 to $0.25 during the early hours of September 22. This sudden downturn occurred as institutional investors executed large sell orders, pushing the trading volume to an impressive 2.15 billion tokens—far exceeding the typical daily average of 344.8 million. As a result of this overnight selloff, DOGE has established new support and resistance levels, with the cryptocurrency now stabilizing around the $0.25 mark. Traders are closely monitoring the situation to determine whether the asset can recover or if further declines are on the horizon. Over a 24-hour period

September 22, 2025

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OKX Delays Launch of Decentralized Perpetual Trading Platform Amid Regulatory Scrutiny

OKX, a prominent cryptocurrency exchange, has developed a decentralized perpetuals trading platform similar to existing competitors like Hyperliquid and Aster. However, the company has decided to postpone its launch due to emerging regulatory concerns, according to CEO Star Xu. In a recent post on X (formerly Twitter), Xu disclosed that the platform was designed and tested throughout 2023 but will remain on hold as the company navigates the evolving regulatory landscape. “Hyperliquid has shown that significant success in on-chain perpetuals trading can be achieved with a lean team, and more players like Aster are entering this market,” Xu stated. Despite

September 22, 2025

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Bitcoin’s Bullish Prospects Tested as Dollar’s Dragonfly Doji Emerges; XRP Faces Bearish Pressures

This week in the cryptocurrency markets, Bitcoin’s (BTC) momentum faces a significant challenge amid the dollar’s recent behavior, while XRP grapples with renewed bearish signals. CoinDesk’s market analyst Omkar Godbole provides insights into the evolving landscape as anticipated remarks from the Federal Reserve (Fed) and key inflation data loom on the horizon. In a landmark move last week, the Fed executed its first interest rate cut since December, highlighting an inclination towards easing monetary policy in the near future. Despite this shift, the U.S. dollar index (DXY) ended the week with a distinct “dragonfly doji” pattern on its weekly chart.

September 22, 2025

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Market Dynamics: Bitcoin Faces Resistance as XRP’s Trends Shift Bearish Amid Fed Commentary

As the cryptocurrency market gears up for another week, significant technical indicators are emerging for Bitcoin (BTC) and XRP, particularly in light of recent developments from the Federal Reserve. Last week, the Federal Reserve made headlines by implementing its first interest rate cut since December, hinting at further easing measures in the months to come. Even with this dovish stance, the U.S. Dollar Index (DXY), which gauges the strength of the dollar against major currencies, displayed a notable dragonfly doji on its weekly chart. This specific pattern, characterized by its “T” shape, often signifies a potential reversal in trend and

September 22, 2025

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Ronin Treasury Unveils $4 Million RON Token Buyback Initiative

The Ronin Treasury has announced an ambitious plan to purchase over $4 million worth of RON tokens from the open market, a move aimed at tightening the circulating supply of the asset. This strategic buyback is set to commence on September 29 and is expected to positively impact the token’s value. In a statement released on Sunday, the Ronin Network—a blockchain platform designed for gaming—confirmed that it will begin converting its holdings of Ether (ETH) and USD Coin (USDC) into RON tokens over the next month. This initiative is cataloged as a key strategy in their efforts to bolster the

September 22, 2025

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Ronin Treasury Sets $4 Million Buyback Plan to Boost RON Token Value

The Ronin Treasury has made headlines with its announcement of a significant buyback program, aiming to purchase over $4 million worth of RON tokens from the open market. This strategic move is designed to decrease the current circulating supply of RON, potentially leading to an increase in its market value. On Sunday, the Ronin Network, known for its focus on blockchain gaming, revealed that the buyback process will commence on September 29. Over a month, the treasury plans to convert all its Ether (ETH) and USDC (USDC) holdings into RON tokens. As of now, 693 million RON tokens are in